Tag Archive | "United States dollar"

Dollar Strength Opportunity


The daily news shows us again and again how we can take advantage of the dollar’s strength now for future profits.

 

wsj chart

The chart above is from the New York Times article  Dollar’s Rise Lifts Imports and Widens Trade Gap.

This article highlights how the strength of the US dollar helped create March’s trade deficit of $51.4 billion.  The 43 percent increase over February’s gap of $35.9 billion., was the highest gap in six and a half years.

That gap comes in part because the dollar has been gaining in value against other currencies, making foreign goods cheaper for American consumers to buy.  The cost of making US goods (in terms of other currencies) in US factories rises as the dollar strengthens.

Dollar strength is weakening the US economy, because American manufacturers cannot compete abroad nor can they compete against importers selling into the USA.

Imports far outpace American exports.  The article quoted Ian Shepherdson, chief economist at Pantheon Macroeconomics, “It’s so far off the wall, it can’t possibly happen again. Exporters are struggling.”

The key to good value investing is to invest on the future and sell to the thundering herd.  Much of the world has been investing in the US dollar, so it is time to use these strong dollars and accumulate good investments in other currencies.

Reduced foreign trade becomes a drag on the economy and the strong greenback is just one economic pitfall for the USA.  The senate handed President Obama a delay on the Asian trade agreement with 11 Asian nations.

The 11 countries involved are some of the fastest-growing economies in the world and create over a third of the the world’s output and a quarter of its goods and service exports.

Such gaps cannot continue. Eventually market forces would balance trade.  Government intervention is more likely to take place first.

The dollar strength today is very similar to 1980 when over a five year period it appreciated and lost 50% against all major currencies. This hurt American businesses and created a rising trade gap in the same way it is now.

Representatives from the governments of Japanese, Germany, France and Britain, met at the Plaza Hotel in New York and agreed to devalue the dollar to make U.S. exports cheaper so other countries could buy more American-made goods and services.

The devaluation was orderly and the dollar exchange rate  versus the yen and other major currencies declined by 51% from 1985 to 1987.

Should this happen again, investment in the Euro can gain as much as a 50% profit boost.

Because markets move faster today than in the 1980s and because the private investing sector has more clout in currency markets than three decades ago, the dollar’s fall could be far more rapid then in the 1980s.

This is why my report “Three Currency Patterns For 50% Profits or More.” described below recommends investing in good value European equities on a systematic basis.

The report shows 22 good value investments and a really powerful tactic to use that allows you to accumulate these bargains now even in very small amounts (even $5,000).  There is extra profit potential of at least 50% so the report is worth a lot.

Order the report here $29.95

Gary

If I Live Long Enough

“If I Live Long Enough, I’ll really cash in next time”.   I made this promise to myself in the 1980s. A remarkable set of economic circumstances helped anyone who spotted them become remarkably rich.  Some of my readers made enough to retire.   Others picked up 50% currency gains.  I didn’t do much to invest then, but I did what I could as the profits rolled in for about 17 years.

Then the cycle ended.  Warren Buffet explained the importance of this ending in a 1999 Fortune magazine interview.  He said: Let me summarize what I’ve been saying about the stock market: I think it’s very hard to come up with a persuasive case that equities will over the next 17 years perform anything like—anything like—they’ve performed in the past 17!

Now I see those circumstances headed our way again.

The Dow Jones Industrial recently soared past 18,000 and reached an all time high.   So why aren’t average investors all rich?   There are several answers.  First, even though the Dow has peaked, for the last 17 years the US stock market has been in a bear trend.  You’ll see why in a moment.  Another reason why the investors have not done so well is because of currency loss.

One final reason why profits have not been so good.  Someone, probably someone you trust, has been stealing from you.

One of the biggest obstacles in profiting from the upcoming circumstances has been and remains the financial system.  The reality is that banks and brokers have been structuring investments that are sure to lose.  They sell you on these investments and then another division of the very same bank (or broker) that recommended the investment, bets against you.   The bank knows that the investment is toxic.  To add insult to injury, many of these same institutions cheat you on the way in and the way out (when you buy and sell a share) of the bad investment.  Most brokers and bankerds are interested in your money making them rich, not in helping increase your wealth.

Three Patterns Create 50% profits.

Despite the predators on Wall Street who are waiting to take big gouges out of your savings and wealth, equities are still the best place to invest for the long term.  This chart from the 24 page Keppler Asset Management 2014 Asset Allocation Review shows that over the past 80+ years equities have dramatically outperformed other types of investments.

keppler

Because of the predators on Wall Street (and every stock market in the world) the search for good investments requires a relentless search for value.   Your investments have to be good enough to reap an outstanding profit even after the parasites siphon off part of the profit.

To take advantage of the once every 17 year circumstances, I chose to track Keppler Asset Management who continually researches developed and emerging markets globally.  Keppler is one of the best market statisticians in the world and numerous very large fund managers use his analysis to manage funds such as State Street Global Advisors.  Keppler compares the value of each share in each market based on current book to price, cash flow to price, earnings to price, average dividend yield, return on equity and cash flow return.  From this study of monumental amounts of data Keppler develops a Good Value Stock Market Strategies.  The analysis is based on long term, rational, mathematical facts and does not worry about short term ups and downs.

From Keppler I learned that market timing is not the way to get these high profits.  Another graphic from the 2014 Keppler Asset Allocation Review explains why.

keppler

Click on image to enlarge.

A dollar invested 88 years ago in Treasury bills rose to $20.58.  The same dollar invested in U.S. stocks over the 88 years grew to be was worth $4,677, UNLESS you missed the best 43 months.  Literally all of the the Dow’s growth in 1,056 months came in 43 of those months.   Your odds have been one in 24, better than roulette perhaps, but not good enough.  Plus even after these odds, the predators are going to take their cut.  You have to ask, “Am I that good at timing?”

The better alternative to timing is investing long term indexing based on value.  Long term strategic investing in market indices reduces the amount of trading.  Low trading activity is important because trades are where you are most vulnerable to predatory tactics.

A part of the long term strategic trading is to invest in low fee diversified Index ETFs.  This simplifies your search for value because it focuses your research into lumps.

A comparison of US versus German stock market indexes gives an example of lump research and you can create good value, low cost, diversified portfolios that offer maximum potential for profit as they reduce risk.

Keppler’s research shows that Germany’s stock market is a good value market.   Keppler lumps all the shares (or at least 85% of the shares) into the calculations.  There is no attempt to select any one specific share. Keppler’s research shows that the US stock market index (a lump of about 85% of all the US shares) is now a bad value.

Germany has the world’s fourth largest economy.  The country is the third largest exporter in the world and in 2013 recorded the highest trade surplus in the world making it the biggest capital exporter globally.  Yet German shares have been overlooked.  German share prices are cheap.

The German Stock Market as of January 2015 in terms of US dollars has a relative price to book value ratio of  .78,  a relative price earnings ratio of  0.87 and a relative dividend yield of 1.12.  The US Stock Market has a much higher relative price to book value ratio of 1.29, a relative price earnings ratio of 1.07 and a relative dividend yield of 0.81.  German shares cost much less, compared to the values and earnings, than US shares.  German shares pay much higher dividends as well.

Keppler predicts that the US Stock Market (which is ranked as a sell market by Keppler) will have an annual index gain for the next five years of  3.1% and a total return (with dividends) or a total five year return of 21.7%.  The same calculations for the German Market predicts an average annual index gain over the next five years of 7.5% and a total return (with dividends) or a total five year return of 47.3%.

Which would you rather buy,  a 47.3% return sold for 78 cents on the dollar or a 21.7% return sold for $1.29 on the dollar?

You can forget about any specific share in the US or Germany and invest into an index (in this case the Morgan Stanley Capital Index) which represents about 85% of all the shares traded on the exchange.

You can invest in ETFs that passively invest in all the shares of the index in stock markets that offer good value.  iShares investment company for example has  an ETF that invests in 85% of the shares traded on Wall Street.

ishres

This ETF icalled the iShares USA (symbol EUSA) has risen from 22.91 to 43.40 or 89% in the past five years.

iShares also offers an ETF that invests in about 85% of the stocks listed on the German Stock Exchange (Symbol EWG).  EWG has risen from 19.70 to 28.13  or 42% in the past five years.

ishares

Keppler’s lump reseach shows that Germany is a good value market.   One simple (even very small) investment in iShares Germany MSCI Index ETF gives you a portfolio  of almost all the shares traded on Germany’s largest stock exchange in Frankfurt.  This ETF is a share traded on the New York Stock Exchange. The ETF invests in 85% of the shares in Germany.  This ETF is a passive fund that does not try to outperform the growth of the German Stock Market. The managers simply track the investment results of the MSCI Germany Index.  The MSCI Germany Index is designed to measure the performance of the large and mid cap segments of the German Index which is composed of the stocks of 54 different German companies and covers about 85% of all the German equities.  Germany’s ten largest companies compose about 60% of the index.  These ten companies are:  BAYER (Health Care) composes 9.91% of the index – SIEMENS (Industrials) 7.89% – DAIMLER (Consumer Discretionary) 7.04% – BASF (Materials)  6.81% – ALLIANZ (Financials) 6.65% – SAP STAMM (Info Tech) 5.69% – DEUTSCHE TELEKOM (Telecom Srvcs) 4.46% – DEUTSCHE BANK NAMEN  (Financials) 3.66%  – VOLKSWAGEN VORZUG (Consumer Discretionary) 3.18% – BMW STAM (Consumer Discretionary)  3.15%.

You lump your research. You lump your investment.  This makes it easy to capture the powerful economic circumstances that are unfolding now.

Just investing in Germany is not enough.  There are currently ten good value developed markets, Australia, Austria, France, Germany, Hong Kong, Italy, Japan, Norway, Singapore and the United Kingdom.  Plus there are 12 good value emerging markets. You can easily create a diversified portfolio in each or all of these countries with Country Index ETFs.

Investing in many stock markets through ETFs gives you opportunity in the second pattern of the falling US dollar.  Preserving the purchasing power of your earnings, savings and wealth requires currency diversification.

The strength of the US dollar over the past five years is a second remarkable similarity to 30 years ago.  In 1980, the dollar rose along with Wall Street.  Profits came quickly over three years.  Then the dollar dropped like a stone, by 51%  in just two years.  A repeat of this pattern is growing and could create up to 50% extra profit if you start using strong dollars to accumulate good value stock market ETFs in other currencies.

For example because of fears about the euro, EWG, the German ETF is down 9 percent over the last 12 months and down 8 percent over the last six months.  These declines are created by currency concerns.  When the euro regains strength, the shares have the potential to appreciate even more.

This is the most exciting opportunity I have seen since we started sending our reports on international investing ideas more than three decades ago.  There is so much more to write and the trends are so clear that I have created a short, but powerful report “Three Currency Patterns For 50% Profits or More.”  This report shows how to earn an extra 50% from currency shifts with even small investments.  I kept the report short and simple, but included links to 153 pages of Keppler Asset Stock Market and Asset Allocation Analysis so you can keep this as simple or as complex as you desire.

The report shows 22 good value investments and a really powerful tactic to use that allows you to accumulate these bargains now even in very small amounts (even $5,000).  There is extra profit potential of at least 50% so the report is worth a lot.

Order the report here $29.95

Research shows that most people worry about having enough money if they live long enough.  I never thought of that.  I just wanted to live long enough to see the remarkable economic opportunity that started in 1980 start again and those that continue to offer opportunity.  This powerful profit wave has begun. I made it and am glad you did too.  Even more I look forward to the next 17 years and sharing how to have more than enough money for the rest of your life.

Gary

 

International Value Markets


Here is an update on international value markets.

The global economy is in tension as the US and Western European economies battle between inflation and deflation.

Who will win out?  Will costs rise or will they fall?  Whichever way events emerge, the best way to protect against loss is by always seeking value.

Value holds a special place for investors and business people… local or global because spotting value is another way of finding distortions.  Distortions are vacuums and nature abhors a vacuum.  Imbalances will always correct themselves. To have success in investing or business… one simply has to spot good value.

Understanding value is the tricky part.

This is why once a quarter we look at a major equity market valuation analysis by Michael Keppler.

If you are a new multi currency subscriber learn about Keppler Asset Management here.

Here are Keppler’s Comments on Major Market Value for this quarter.

After the first correction since March 2009 in the second quarter 2010, Global equities have resumed their upward trend in the third quarter.

The Morgan Stanley Capital International (MSCI) World Total Return Index (with net dividends reinvested, December 1969 = 100) advanced 9.3 % in local currencies, 13.8 % in US dollars and 2.1 % in Euros.

Year to date, the MSCI World Index gained 1.6 % in local currencies, 2.6 % in US dollars and 7.8 % in Euros.

The Euro had a strong comeback in the third quarter. It soared to 1.3652 versus the US dollar, up 11.5 % from its end-of-June level but still 4.8 % shy of 1.4348 — the level at which it stood at the end of 2009.

Twenty-two markets advanced in the third quarter and two markets declined.

Hong Kong (+21.5 %), Norway  (+16.5 %) and Austria (+15.1 %) performed best.

Ireland (-13.5 %), Japan (-0.1 %) and Switzerland (+2.6 %) came in at the bottom.

Year-to-date, thirteen markets are up and eleven markets are down.

The best performing markets in the first nine months of 2010 were Denmark (+28.5 %), Hong Kong (+17.7 %) and Sweden (+17.4 %).

Greece (-35.5 %), Ireland (-19.2 %) and Spain (-10.1 %) performed worst year-to-date.

Performance numbers are in local currencies unless mentioned otherwise.

The Top Value Model Portfolio currently contains the following six “buy” rated countries at equal weights:

Austria, France, Germany, Italy, Singapore and the United Kingdom. Our current ratings suggest that a combination of these markets offers the highest expectation of long-term risk-adjusted returns.

As the chart below indicates, our implicit three-to-five-year projection for the average annual gain of the Equally-Weighted World Index now stands at 14.1 % slightly below our estimate of 14.3 % published here three months ago in our “Summer 2010 Quarterly”.

Given the 9.2 % appreciation of the Equally Weighted World Index in the third quarter, it is remarkable that our return estimates did not come down more.  The reason is fundamentals  have been improving throughout the year. Compared with their end of 2009 levels — which may have marked the bottom of the cycle — the 12-month trailing earnings and cash flows for the average equity market covered here are up 63.5 % and 24.7 %, respectively. In addition, the low interest rate environment continues to make stocks look  attractive.

keppler-chart

Keppler also shows major markets which he believes to be least statistically likely to appreciate.

SELL CANDIDATES

Belgium

Canada

Denmark

Hong Kong

Sweden

Switzerland

U.S.A.

NEUTRALLY RATED MARKETS

Australia

Finland

Greece

Ireland

Israel

Japan

Netherlands

New Zealand

Norway

Portugal

Spain

Through good times and bad… through inflation… deflation and steady economies value rises above all.  We can never know for sure what will happen next… but we can know that when we find value our chances of a good return rise.

On the subject of value see news about real estate investing by one of the richest men in Ecuador here.

mindo

Gary

Learn about my two reports on how to find value here.

Belong to the International Club

How to Have Real Safety

Regain Real Security

There is a path to true security.

I was reminded of this once when I made a horrible mistake.  Almost!

The supposed error?  Letting my mind wander six decades back to an hour I spent with a girl.

Learn from this near disaster, seven most powerful sources of wealth, health, security and fulfillment in this era.

The girl was pretty and blond.  Terry was her name. My imagination spanned decades returning to my Oregon roots seeing her as if she were there.

We were 11 or 12 and had known each other since we started Rockwood grade school.  Just buddies, our non-romantic friendship lasted 12 years, from first grade till high school’s end.  Then she went off to Pepperdine College in California.  I started traveling the world.  Never saw her again.  I hope her life has gone well.  But until that reflection I’d never thought much of Terry in so many years.

What could have been the tragic error was letting that memory touch my heart.  Two kids, walking on a crisp, Pacific Northwest autumnal afternoon.

We walked down a sun filled, pine needle covered, dirt path.  Huge, fat, green Douglas firs lined the road.  Traffic was no problem, not many cars.  Crossing Stark Street we turned left, hiking three blocks to 182nd.  There we passed an old clapboard candy store.  I can still hear the wooden sidewalk of that store slap beneath my feet, felt the soggy planks sag and smelled astringent pitch from the fir trees.  Then we turned right, up 182nd for about a mile.  There was Terry’s house.

I carried on, walking through a big field, waist high grass turned straw brown by an early frost.  There were dozens of paths made by who knows what.  Animals perhaps or countless generations of other kids walking home alone from school.  I chose one following it to another wood of tall, rough-barked fir.  Crossing one more field, I climbed a rock wall, struggled through a barbed wire fence (my Mom hated that fence ripping my jeans).  I was home!

Sweet simplicity, that dream.  Two kids holding hands, walking on a dirt trail under a crisp, but blue, sunny sky.  Pure innocence.

My tragic error was looking back.  I returned to Rockwood, Oregon with Merri and my kids to show them this part of their roots.  Following the route, Terry and I had walked were the candy store, grange hall, old wooden buildings and their home spun honesty and charm.

Instead we found six lanes of fast, frantic traffic and road rage.  McDonalds, KFC, strip shopping centers.  The car radio blared warnings of local gangs and drive-by-shootings. Beauty, innocence, sweet simplicity, replaced by drive ins and drive bys.  Gangs and drive-by shootings replacing a tender walk in the sun.  Good bye memories, good bye.

How can our kids walk in places like this?  How can we return to those old feeling of security and comfort?

How can any of us possibly keep pace in this world that’s moving so fast?  Then something inside snapped. “There has to be an answer for honest, hard working folks to enjoy the wonderful opportunities of today and regain what we’ve lost over the past forty years”, I swore to myself.

How can we keep up, without having such a fast paced life we turn into machines?  Where do we find time for God, family, charity, and our friends?  How can we rediscover those sun filled, pine needle covered, dirt paths we want to walk?

“There has to be places that are still innocent and pure”, I thought.  “There has to be a way of life that does not pound us with stress”.

This thinking led me to begin reviewing the thousands of economic and business experiences I have shared with readers over the decades.  This started a search for a simpler way of life and a better place to earn and protect our wealth.

By digging, asking and observing, traveling and talking to investors and investment managers all over the world I found that there are true paths to real security in the here and now.  That knowledge helped me develop courses on how to have natural health, everlasting wealth and purposeful investments.

This knowledge helped Merri and me invest in stocks and real estate all over the world.  It helped us find and develop Merrily Farms into a sanctuary here on Little Horse Creek.

That almost error led us to create an entire portfolio of information on how to keep pace, get ahead, enjoy our modern society but, to enjoy life wherever you choose without having to move too fast.

I want to share this information with a special few in our summer course in the Blue Ridge Mountains where the air is dry, crisp, with a bright sparkling sun.  Our North Carolina woods is a place where we can once again walk down sun filled, pine needle covered, dirt paths beneath huge, fat, green fir and hemlock.

We start the course with this question that can help us get our lives back.

“What would you think in the last 30 seconds of your life if you were the richest man in the world but were unhappy?”

This quote is from the opening slide of our Value Investing Seminar, “How to Secure Your Future With a Value Breakout Plan”.  This a vital question because few investors think about the value of comfort and happiness.  Yet the truth is, those who are comfortable and happy with their investments are likely to make good investment decisions.  If not, no matter how much money an investors has, changes are, they’ll lose.

Bring Value and Purposeful Investing Together

value

Join us to learn how to make safety and profit easier and less time consuming so we can focus on our individual purposes in life.

Become an International Club member and join like-minded souls, who take a positive view and think outside the box for better health, greater income and safer, more profitable investments. Share ideas on how to add value to everything and make 2016 -2017 your best years yet.

In 2016 Merri’s, David’s and my mission is to share our 50 years of experience in international business, investing and living to make ourselves happier, healthier and wealthier.

To reach a wider audience we have shifted our seminars online including the seminar “How to Secure Your Future With a Value Breakout Plan”.

Here is a partial syllabus of this seminar.

  • Three common sense ideas:   Avoid lines.  Go where you are a name not a number.  Decide who you are and what matters to you.
  • Why three economic trends that have make smart investors rich every 30 years are ready for cashing in now.
  • How to look for short term problems that create long term value.
  • Update on the best ten markets for safety and profit.
  • How to diversify in value with Country ETFs.
  • The value of time in investing and life.
  • The economics in cyber wars. How to look back at the economics of war to see ahead.
  • Great new innovations that will ignite a 16 year bull market from 2016 to 2032.
  • The next great fuel.
  • Timing long cycles, economic cycles and seasonality.
  • Investing in Demographics.
  • Trading Down, the biggest global trend ahead.
  • Hidden Inflation .
  • How to protect against pension loss.
  • The Silver Dip 2016. When and how to invest in gold and silver . How to double your position with loans.
  • How to spot currency distortions and borrow low to deposit high.
  • How, Why When & Where to bank abroad.

Club membership is for an entire year and the recorded seminar is just one high point.

In 2016 and 2017 we are conducting online seminars about value investing, natural health and how to write to sell.

International Club members receive all the online seminars free.

In addition club membership includes:

  • Personal investing Course (Pi), normally $297, FREE
  • Self Fulfilled How to be a Self Publisher, normally $299, FREE
  • Eventful Business, normally $349, FREE
  • International Business Made EZ, normally $299, FREE
  • Report “Three Economic Conditions for 50% or More Profit,” normally $29.95, FREE
  • Report “Silver Dip 2015” normally $27, FREE
  • Three online Value Investing Seminars, normally $477, FREE
  • One online Natural Health Seminar, normally $119, FREE
  • One online Writers Camp, normally $299, FREE

Annual International Club (one year) Membership  $1,199

Annual International Club (one year) Membership four quarterly $375 payments

Merri and I have been organizing courses, seminars and newsletters about international and Super Thinking  lifestyles for over 30 years.  The importance of this sharing… by like minded souls… was reinforced when a delegate from a course sent an email that said:

My Dearest Merri and Gary, Thank you for your most gracious hospitality last weekend. I am just thrilled at being a part of your group.  You and Gary were exactly as I imagined you to be, warm friendly, kind, considerate, genuine, helpful, fun, sincere, what else can I say……I felt so comfortable in your presence and learned so much in your course. I was sad to leave the farm that Sunday afternoon.  You made us all feel so welcome and cared about.  You were so kind to make arrangements for a ride with the other delegates from the Charlotte Airport.  They were so nice to me and so helpful, by the time the weekend was over I felt like they were my long lost brothers. Monday morning we all had breakfast at the airport together and I was so sad to see them go, I was sad the weekend was over, perhaps sad is not the right word for how I was feeling perhaps Gratitude is a better way to describe it.  Grateful for having the opportunity to share the weekend with such wonderful, like minded Human Beings, in the beautiful mountains of North Carolina. Thank you Merri and Gary.  Thanks to you I now have new hope and a new direction to move forward in my life.   I know by attending your classes and conferences that through education and due diligence I will make the right choices.

I invite you to be a member of the International Club.

Let’s prosper in these times of change. Won’t you join us in this exciting club and share Merri’s and my lifestyle for the next year?  Join us online.

Club members receive everything we offer in 2016 and 2017.

Annual International Club (one year) Membership  $1,199

Annual International Club (one year) Membership four quarterly $375 payments

Gary

Global Multi Currency Economic Update


Here is a global multi currency economic update.

See below why I show this chart again and again.

The biggest of the seven trends I have cashed in on over the past 42 years has been the declining US dollar.  This chart of the greenback’s fate from the Grandfather Economic Report says it all. The buck has collapsed over the decades and anyone who has bet against it, as I have has reaped a fortune, except…

multi-currency-chart

at our June North Carolina Quantum Wealth seminar we saw how sometimes such as from 1979 to 1985 the US dollar was strong. Speculators who just bet against the buck were bucked out of the profit zone.  Anyone who shorted the dollar… long term… in 1979 had to wait until about 1987 before they saw  it drop below the 1979 level.  So we cannot just randomly bet against the dollar and expect automatic profits.

There are risks to betting against the US dollar as speculators are seeing now.

This is why at the Quantum Wealth course, I outlined seven places to invest now.

Only one of these might include speculating against the US dollar, which is #1:  Multi Currency Interest Spreads.

#1: Multi Currency Interest Spreads
#2: Value Markets
#3: Emerging Markets
#4: Wellness
#5: Water Alternate Energy
#6: Truth & Cohesion
#7: Real Estate

There are several ways to speculate against the greenback.  Personally I use the multi currency sandwich. I borrow dollars at low interest rates and invest the funds on dollar related currencies…. currently the New Zealand, Canadian, Australian dollars and Mexican peso.

This is a slow, partly hedged speculation versus the dollar… but forex profits are not my main goal.   The interest differential is what assures my profit… if I can wait for the dollar to drop.  My loan cost on dollar loans is currently below 3%.   My average yield is 6.31% so I am paid about 3.31% to borrow the dollar.

Here is an example of how this works.

100K ea. MXN BONOS  10% Due 2024 117  = 8%
EUR INVT BNK AUD 6.0 2013 101.49  5.56%
EUR INVT BNK NZD 6.5 2014 104.77  5.38%

Average 6.31%  + $18,930

Loan cost      $   9,000

Return           $   9,930

Plus Forex Potential

There is some new bad news to this for US investors.  Regulations on overseas banks by the US have become so extensive that many non US banks will no longer accept Americans.  Even Jyske Global Asset Management has had to increased its minimum account for advisory clients to $ 1 million.
The news is not all bad.  Non Americans can still use this technique and Americans can also borrow low and deposit high IF they let JGAM make the portfolio decisions.

To help US investors, JGAM provide managed portfolios with a $100,000 account minimum ($200,000 if they want loans). This is compared to the minimum of 150,000 euro required for non US investors to start.

In either case these minimums are among the lowest for investment banks.

To get complete details, US investors should contact Thomas Fischer at fischer@jgam.com

Non US investors should contact Rene Mathys  at mathys@jbpb.dk

Investors with smaller amounts can best diversify through ETFs and Investment Trusts on the US and UK stock exchanges.

There is some other really good news though that we looked at in our June Quantum Wealth course.

The key to borrowing low and depositing high is to find strong currencies… with low interest rates… when their strength is not supported by economic fundamentals. Right now three currencies are in this state… the US dollar, the Swiss franc and the Japanese yen.

Jyske and JGAM (and I ) are taking advantage of this fact in their managed and discretionary portfolios.

Lars Stouge, the President of JGAM, recently sent me a full analysis of the US dollar and I have copied it here for you… so you can see why the current US dollar strength creates unusual opportunity.

Analysis on USD/EUR

14 June 2010 By Lars Stouge

Summary

Historically the US dollar (USD) has shown a down-trend against first the German D-Mark (DEM) and later the euro (EUR), periodically interrupted by significant appreciations. However, lately the USD has strengthened again moving close to its fair value. Relative prices, real bond yields and yield curve differences between the US and the eurozone explain to some extent movements in the USD.

If the business cycle in the US moves further ahead of the eurozone, it is likely that real bond yield spreads and yield curve differences will become even more favorable for US securities, increasing the demand for the USD.

History

In 1972 the Bretton Wood system was abandoned and the USD became a free floating currency against most major currencies including the DEM. In 1999 the DEM was substituted by the EUR when a single currency area was created in Europe, the eurozone.

The graph below shows the development in the USD since 1970 against first the DEM and later (since 1999) against the EUR, indexed with 1972 at 100. The graph slopes downwards with a total loss in the value of the USD of almost 60%. However, the down-trend was interrupted by large movements up in both 1980-85 and 1995-2001.

multi-currency-update

Purchasing power

The Purchasing Power Parity (PPP) theory explains the long trend development in the USD. As prices in the US have risen more than in Germany and the eurozone, the US has lost purchasing power and therefore, the USD has fallen in value to compensate for the loss in the US competitive position.  

multi-currency-update
The graph shows how well the estimated1 PPP explains the downward slope in the USD. When the USD index moves above the PPP-line, the USD is overvalued (i.e. too expensive compared to relative prices) and when the USD moves below the PPP-line, the USD is undervalued. At the present price level of approximately 1.20 USD per EUR we are close to parity, i.e. at fair value.

In the graph below we have taken out the PPP component of the USD by measuring the USD-index relative to the estimated PPP. The graph shows that in 1972, 1981-1986 and again in 1999-2002 the USD was overvalued. The rest of the period the USD was undervalued.
multi-currency-update

Estimated by use of simple linear regression.

Interest rates and bond yields

The deviation from PPP could be caused by spreads in (real) interest rates and (real) bond yields. When investors expect a yield or interest rate pickup on a currency, they will invest until expectations of future depreciation correspond to the yield or interest rate difference (this is called the Interest Rate Parity, IRP). Until the level of IRP has been reached investors will buy the currency with the high (real) yield or interest rate and the currency
increases in value.

We have examined how short interest rate spreads and long bond yield spreads, both in nominal and real (i.e. inflation adjusted) terms, correlate with the PPP deviation of the USD. To cut it short, the analysis shows that the real bond yield spread best explains the development. The graph is shown below. For example the overshooting USD in the beginning of the 1980’s is explained by the real bond yield spread in favor of the USD.

Other considerations

However, the model has its limitations. As can be seen from the last graph not all USD movements around its PPP value is explained by the real bond yield spread. For example in the beginning of the 1990’s the USD continued to depreciate to become more undervalued despite a favorable movement in the real yield spread.

Also, when the USD became overvalued up to and after year 2000 it happened without a movement in the real yield spread. There are several reasons why the model has its limitations as explained in the following.

One reason is that many other factors than the real yield spread influence a currency. Relative growth, productivity, balance of trade and payments, debt burdens and a number of other factors determines the price of a currency. However, many of the factors not considered directly in our model do indirectly have an influence, as these factors also determine relative price levels, inflation, interest rates and bond yields. Therefore, indirectly our model captures other determining factors.
multi-currency-update
Another reason why the model has its limitations is that the price of a currency today is determined by investors expectations of future real bond yields and other possible determining factors. In our simple analysis we have used actual price levels and bond yields. It is difficult to measure or estimate market expectations and only if markets are efficient and investors are rational (i.e. never make mistakes) then expectations will be fulfilled.

To sum up, one should be careful not to rely too much on a simple model as the one presented in this memo. However, even more sophisticated models also lack prediction power.  Actually, in the very short run (days and weeks) analysis prove that the best prediction in the currency market is to flip a coin.

Yield curves

The aspect of expectations can to some extend be modeled by examining yield curves. A yield curve reflects the markets expectations of future interest rates. E.g. if the long bond yield is higher than the short interest rate it is an indication that investors expect short term interest rates to rise. Therefore, by comparing yield curves we get a measure of which currency should expect to see the largest rise in interest rates. The graph below shows the yield curve difference between the US and the eurozone plotted against the USD’s deviation from PPP.

Except from the period 1991-93 where the yield curve in the US versus the eurozone formed a temporary peak, the yield curve difference explains well the development in USD’s deviation from Purchasing Power Parity.

Conclusion

In 2010 the USD has strengthened to a fair value against the EUR close to 1.20 USD per EUR. We assess that the USD could become even stronger and become overvalued. This could happen if the US economy continues to move ahead of the eurozone and cause the real bond yield and the yield curve in the US to distance itself even further from the eurozone.

Short term free floating currencies move like a random walk making today’s price the best prediction of tomorrow’s price.


multi-currency-update

However, we warn against using the simple model presented in this memo as a prediction tool. The prime
purpose of the model is to evaluate if the USD is over, under or fair valued.

The phrase that jumps at me in this analysis is:

Actually, in the very short run (days and weeks) analysis prove that the best prediction in the currency market is to flip a coin.

Fundamentals and value rule the direction of currency parities.  Human emotions rule the swing of currencies as parities become overbought and or oversold.  When you can be paid to borrow a currency that has become strong but is not supported by fundamentals (like borrowing the Swiss franc, Japanese yen or US dollar to invest in higher yielding currencies) you can take advantage of these human emotional errors.  

Join Merri and me with Thomas Fischer in Copenhagen this August or next October in North Carolina when we will update our portfolio positions.

The strong US dollar makes this the year to enjoy Europe and Thomas Fischer at Jyske just sent me this note: Gary due to the increasing US dollar, the cost for our August seminar in Copenhagen for Americans has dropped from about $2,050 to $1,700, a 15% discount. (THE COST INCLUDES MOST OF THE FOOD, TRIPS, MAKING THE CONFERENCE A GREAT BARGAIN.)

I love attending these seminars because of the great speakers.

This year speakers include will be Bjorn Lomborg known as the “Skeptical Environmentalist.”  See more on Lomborg here.

Another speaker will be Jeff Rubin. Rubin was the Chief Economist for CIBC, a North American investment bank for 20 years. See more about Rubin here.

Kenneth Rogoff  the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University and former Chief Economist for the International Monetary Fund is also a speaker. See more at Rogoff.

Because updating multi currency strategies is so important in today’s investing world, another speaker is Daniel Brehon, the foreign exchange strategist, for Deutsche Bank AG. Deutche Bank is Germany’s largest bank and one of the laregst banks in the world with 1,999 branches situated in 70 countries.  The bank has significant regional diversification and substantial revenue streams from all the major regions of the world.

They have established strong bases in all major emerging markets, and therefore have good prospects for business growth in fast-growing economies, including the Asia-Pacific region, Central and Eastern Europe, and Latin America.

In Europe, Deutche Bank is well placed to benefit from resilient conditions in Europe and Germany in the euro zone.  The bank began in the 1870s and now employs more than 80,000 people in 72 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets.

Deutsche Bank has offices in major financial centers including New York, London, Frankfurt, Paris, Moscow, Amsterdam, Toronto, São Paulo, Singapore, Hong Kong, Tokyo and Sydney. Furthermore, the bank is investing in expanding markets, such as the Middle East, Latin America, Central & Eastern Europe and Asia Pacific.

See details on how to join Merri and me at Jyske’s bi annual Copenhagen seminar here Global Wealth Management Seminar.

Some great things about the Copenhagen conference are the seminar of course…then there’s the stunning food and the wonderful visits included…This package includes:  accommodation at the Copenhagen Marriott Hotel for four nights, (25-28 August) including breakfast,  Reception and dinner at the bank’s Copenhagen offices, seminar fee and materials for the seminar sessions on Thursday, Friday and Saturday. full lunches on Thursday, Friday and Saturday, canal & harbour tour on Friday in the late afternoon, four-course gala dinner with entertainment and dancing on Saturday evening, and a Sunday excursion including lunch.

Merri and I always go on the excursion also to Silkebord with a drive out into the country, lovely food, picnic cruise and a chance to see the main office and the trading center.  This is always our most interesting, favorite and delightful conference…and we hope you will join us there!  We love the stroll along the harbor, the fresh air, wonderful meals and interesting people from all over the world.

Gary

See Ecuador real estate for sale at the Ecuador MLS

How We Can Serve You

How to Have Real Safety

Regain Real Security

There is a path to true security.

I was reminded of this once when I made a horrible mistake.  Almost!

The supposed error?  Letting my mind wander six decades back to an hour I spent with a girl.

Learn from this near disaster, seven most powerful sources of wealth, health, security and fulfillment in this era.

The girl was pretty and blond.  Terry was her name. My imagination spanned decades returning to my Oregon roots seeing her as if she were there.

We were 11 or 12 and had known each other since we started Rockwood grade school.  Just buddies, our non-romantic friendship lasted 12 years, from first grade till high school’s end.  Then she went off to Pepperdine College in California.  I started traveling the world.  Never saw her again.  I hope her life has gone well.  But until that reflection I’d never thought much of Terry in so many years.

What could have been the tragic error was letting that memory touch my heart.  Two kids, walking on a crisp, Pacific Northwest autumnal afternoon.

We walked down a sun filled, pine needle covered, dirt path.  Huge, fat, green Douglas firs lined the road.  Traffic was no problem, not many cars.  Crossing Stark Street we turned left, hiking three blocks to 182nd.  There we passed an old clapboard candy store.  I can still hear the wooden sidewalk of that store slap beneath my feet, felt the soggy planks sag and smelled astringent pitch from the fir trees.  Then we turned right, up 182nd for about a mile.  There was Terry’s house.

I carried on, walking through a big field, waist high grass turned straw brown by an early frost.  There were dozens of paths made by who knows what.  Animals perhaps or countless generations of other kids walking home alone from school.  I chose one following it to another wood of tall, rough-barked fir.  Crossing one more field, I climbed a rock wall, struggled through a barbed wire fence (my Mom hated that fence ripping my jeans).  I was home!

Sweet simplicity, that dream.  Two kids holding hands, walking on a dirt trail under a crisp, but blue, sunny sky.  Pure innocence.

My tragic error was looking back.  I returned to Rockwood, Oregon with Merri and my kids to show them this part of their roots.  Following the route, Terry and I had walked were the candy store, grange hall, old wooden buildings and their home spun honesty and charm.

Instead we found six lanes of fast, frantic traffic and road rage.  McDonalds, KFC, strip shopping centers.  The car radio blared warnings of local gangs and drive-by-shootings. Beauty, innocence, sweet simplicity, replaced by drive ins and drive bys.  Gangs and drive-by shootings replacing a tender walk in the sun.  Good bye memories, good bye.

How can our kids walk in places like this?  How can we return to those old feeling of security and comfort?

How can any of us possibly keep pace in this world that’s moving so fast?  Then something inside snapped. “There has to be an answer for honest, hard working folks to enjoy the wonderful opportunities of today and regain what we’ve lost over the past forty years”, I swore to myself.

How can we keep up, without having such a fast paced life we turn into machines?  Where do we find time for God, family, charity, and our friends?  How can we rediscover those sun filled, pine needle covered, dirt paths we want to walk?

“There has to be places that are still innocent and pure”, I thought.  “There has to be a way of life that does not pound us with stress”.

This thinking led me to begin reviewing the thousands of economic and business experiences I have shared with readers over the decades.  This started a search for a simpler way of life and a better place to earn and protect our wealth.

By digging, asking and observing, traveling and talking to investors and investment managers all over the world I found that there are true paths to real security in the here and now.  That knowledge helped me develop courses on how to have natural health, everlasting wealth and purposeful investments.

This knowledge helped Merri and me invest in stocks and real estate all over the world.  It helped us find and develop Merrily Farms into a sanctuary here on Little Horse Creek.

That almost error led us to create an entire portfolio of information on how to keep pace, get ahead, enjoy our modern society but, to enjoy life wherever you choose without having to move too fast.

I want to share this information with a special few in our summer course in the Blue Ridge Mountains where the air is dry, crisp, with a bright sparkling sun.  Our North Carolina woods is a place where we can once again walk down sun filled, pine needle covered, dirt paths beneath huge, fat, green fir and hemlock.

We start the course with this question that can help us get our lives back.

“What would you think in the last 30 seconds of your life if you were the richest man in the world but were unhappy?”

This quote is from the opening slide of our Value Investing Seminar, “How to Secure Your Future With a Value Breakout Plan”.  This a vital question because few investors think about the value of comfort and happiness.  Yet the truth is, those who are comfortable and happy with their investments are likely to make good investment decisions.  If not, no matter how much money an investors has, changes are, they’ll lose.

Bring Value and Purposeful Investing Together

value

Join us to learn how to make safety and profit easier and less time consuming so we can focus on our individual purposes in life.

Become an International Club member and join like-minded souls, who take a positive view and think outside the box for better health, greater income and safer, more profitable investments. Share ideas on how to add value to everything and make 2016 -2017 your best years yet.

In 2016 Merri’s, David’s and my mission is to share our 50 years of experience in international business, investing and living to make ourselves happier, healthier and wealthier.

To reach a wider audience we have shifted our seminars online including the seminar “How to Secure Your Future With a Value Breakout Plan”.

Here is a partial syllabus of this seminar.

  • Three common sense ideas:   Avoid lines.  Go where you are a name not a number.  Decide who you are and what matters to you.
  • Why three economic trends that have make smart investors rich every 30 years are ready for cashing in now.
  • How to look for short term problems that create long term value.
  • Update on the best ten markets for safety and profit.
  • How to diversify in value with Country ETFs.
  • The value of time in investing and life.
  • The economics in cyber wars. How to look back at the economics of war to see ahead.
  • Great new innovations that will ignite a 16 year bull market from 2016 to 2032.
  • The next great fuel.
  • Timing long cycles, economic cycles and seasonality.
  • Investing in Demographics.
  • Trading Down, the biggest global trend ahead.
  • Hidden Inflation .
  • How to protect against pension loss.
  • The Silver Dip 2016. When and how to invest in gold and silver . How to double your position with loans.
  • How to spot currency distortions and borrow low to deposit high.
  • How, Why When & Where to bank abroad.

Club membership is for an entire year and the recorded seminar is just one high point.

In 2016 and 2017 we are conducting online seminars about value investing, natural health and how to write to sell.

International Club members receive all the online seminars free.

In addition club membership includes:

  • Personal investing Course (Pi), normally $297, FREE
  • Self Fulfilled How to be a Self Publisher, normally $299, FREE
  • Eventful Business, normally $349, FREE
  • International Business Made EZ, normally $299, FREE
  • Report “Three Economic Conditions for 50% or More Profit,” normally $29.95, FREE
  • Report “Silver Dip 2015” normally $27, FREE
  • Three online Value Investing Seminars, normally $477, FREE
  • One online Natural Health Seminar, normally $119, FREE
  • One online Writers Camp, normally $299, FREE

Annual International Club (one year) Membership  $1,199

Annual International Club (one year) Membership four quarterly $375 payments

Merri and I have been organizing courses, seminars and newsletters about international and Super Thinking  lifestyles for over 30 years.  The importance of this sharing… by like minded souls… was reinforced when a delegate from a course sent an email that said:

My Dearest Merri and Gary, Thank you for your most gracious hospitality last weekend. I am just thrilled at being a part of your group.  You and Gary were exactly as I imagined you to be, warm friendly, kind, considerate, genuine, helpful, fun, sincere, what else can I say……I felt so comfortable in your presence and learned so much in your course. I was sad to leave the farm that Sunday afternoon.  You made us all feel so welcome and cared about.  You were so kind to make arrangements for a ride with the other delegates from the Charlotte Airport.  They were so nice to me and so helpful, by the time the weekend was over I felt like they were my long lost brothers. Monday morning we all had breakfast at the airport together and I was so sad to see them go, I was sad the weekend was over, perhaps sad is not the right word for how I was feeling perhaps Gratitude is a better way to describe it.  Grateful for having the opportunity to share the weekend with such wonderful, like minded Human Beings, in the beautiful mountains of North Carolina. Thank you Merri and Gary.  Thanks to you I now have new hope and a new direction to move forward in my life.   I know by attending your classes and conferences that through education and due diligence I will make the right choices.

I invite you to be a member of the International Club.

Let’s prosper in these times of change. Won’t you join us in this exciting club and share Merri’s and my lifestyle for the next year?  Join us online.

Club members receive everything we offer in 2016 and 2017.

Annual International Club (one year) Membership  $1,199

Annual International Club (one year) Membership four quarterly $375 payments

Gary

How to Make Money in the Multi Currency Era


The US and Ecuador property market offers a rare opportunity to make money in this multi currency era. Here is an excerpt from a recent multi currency update.

Two economic forces have come together to create extra special profits.

I know because the same  combination occurred in London during the late 1970s and allowed me to increase an investment eleven times in two years by buying property then.

Earlier in 1970 I had lived in London, England for a year, then moved to Hong Kong. During that time I also maintained a home outside of San Francisco, California.

This was a time of great inflation. My homes in California and in Hong Kong appreciated greatly. In the mid 1970s, when I moved from Hong Kong back to London, I noticed that London real estate was priced about the same as it had been in 1970. This puzzled me. Why had London property prices remained flat despite inflation?

On investigation, I learned that there had been a huge real estate crash in 1970 which continued to dampen real estate prices six years later despite the rampant global inflation. I felt this was a great distortion as European property prices had risen, but London prices had not. Yet London offered the best utility as the center of the English speaking world. This, to my way of thinking, created a huge distortion.

It’s late 1976. Britain faced  a sterling crisis. In less than two years the pound has fallen from $2.40 to $1.60. Investors had no faith in the British economy, or the government that ran it. The government’s budget was a mess.  Investors  were ditching the pound.

The plummeting pound pushed the economy to breaking point. Prime Minister Callaghan, in desperation borrowed as much as possible, £2.3 billion from the IMF.

At that time, the British pound collapsed to its lowest level ever (a pound per dollar for a short time) so the distortion widened. This meant in US dollar terms London property had dropped almost 50% while property in other major cities of the western world had increased in price by three or four times.

london-house

The house I bought was right next door and very similar to this house in Bedford Park, London W4.

This house in West London was 34,000 pounds, 9,000 pounds down (then $9,000).   I took a mortgage for 25,000 pounds ($25,000).  I lived in the house and three years later the pound had recovered to 2.2 dollars per pound plus London real estate had caught up with property in other major western centers. I sold the house for 115,000 pounds or $253,000 a profit of $244,000 on a $9,000 investment.

Now it’s the US dollar that is very low.

You will have seen articles something like the the September 7, 2009 Bloomberg article “Weak Dollar? Currency, at 10-Year Low, May Fall More” by Bo Nielsen.

An excerpt says: Anyone who says the dollar is weak after it fetched a record-low $1.3681 against the euro and the fewest pence against the pound in 25 years is expressing a euphemism.

The currency may decline at least another 10 percent by the end of 2008, say Jay Bryson, an economist at Wachovia Corp., and Kenneth Rogoff, the former chief economist at the International Monetary Fund. The dollar has only fallen 3.4 percent in the past two years to a 10-year low, according to a Federal Reserve index that weighs trade with 38 countries including China, Mexico, Canada and countries in Europe. It tumbled 30 percent in the three years ended 1988.

“Dollar weakness will be broad-based and could last for years,” said Bryson, a global economist at Charlotte, North Carolina-based Wachovia who previously analyzed currencies at the Federal Reserve.

Investors are dumping dollars, lured by higher returns elsewhere. The U.S. will grow more slowly than Europe for the first time since 2001 and Japan for the first time in 16 years, the IMF forecasts. The difference in yield between 10-year German bonds and Treasuries has shrunk to the smallest since 2004.

Those who read this site regularly or subscribe to our multi currency course know that I reported my personal portfolio and recommended getting out of the US dollar in February 2009. See that recommendation here.

I showed that my portfolio was 86% out of the greenback.

My liquid portfolio currency allocation was reported as Brazilian real  4%,
 Denmark kroner  33%
,  euro 31%
, British pound 10%
, Turkey lira 8%
, US$ 14%.

I also mentioned in February that I was going to start buying Florida real estate.

So Merri and I began looking and in our research found that there appears to be a hole in the market for Central Florida property selling in the million to $750,000 range.  There seems to be no buyers at all. We have been watching prices tumble hundreds of thousands.

We are viewing one property next week that started at $800K+. It just dropped $100,000 last week from $395,000 and is now down to $295,000.

This is about a 25% drop in that house’s price in six months. That’s pretty good!

Now look at what this means in depreciated dollar terms.

dollar-chart

Here is a chart of the euro to US dollar from yahoo.finance.com from February 2009 to September 10, 2009 when this was written.

In February a US dollar bought .80 euro so that house at $395,ooo cost 319,200 euro.  Now a US dollar buys about .68 euro so this house at $295,000 costs about 200,000 euro.

That is a drop in that house price of 37% in six months in terms of euro. That’s even better!

Here is the magic in this hidden, built-in profit.  For most of the market, the profit is hidden.  Most investors are not comparing currencies and real estate prices.  Yet these distortions will filter through. Eventually European investors…. or those like me who are holding currencies other than dollars will see this distortion and cash in.

I, and now you, just have an advantage because we are always looking at both markets… currency and real estate.

Ecuador Real Estate Cheaper as Well

This also creates better value on Ecuador real estate. Take for example one penthouse property I am selling at $139,000.

This is a perfect property for those who want peace… quiet…and instant access to miles of empty, warm Pacific beach.

ecuador beach rentals

This two room, top floor penthouse is at Palmazul and includes use of the the swimming pool, tennis courts… and spa.   You can dine here, one floor below.

ecuador beach rentals

The units are fully equipped… kitchen…

Ecuador beach rentals

with full size fridge.

Living room…

Ecuador beach rentals with a view…

Ecuador beach rentals leading…

Ecuador beach rentals to large private balconies…

Ecuador beach rentals with these views…

ecuador beach rentals

and sunsets to kill for.

ecuador beach rentals

Long walks on the beach… you can amble at low tide for ten miles and not see a soul.

ecuador-seminars

Luxury bathrooms with bathtub…

Ecuador beach rentals

and a king size bed with view and caressed by the ocean breeze.

Ecuador beach rentals

This unit would have cost 111,000 euro in February. Now the price has dropped to 94,500 euro… just from the dollar’s fall.

The US and Ecuador property markets offers a rare opportunity to make extra profit now because of hidden added value from the US dollar’s fall. History suggests that real estate is a real asset so its price rises as the currency its counted in falls.

These corrections take time because most property owners do not calculate their property in multi currency terms.  Those of us who watch this can gain extra profit now.

The article above is an excerpt from a recent Multi Currency update. Learn more about multi currency investing. Subscribe to our multi currency course.

Gary

The greatest asset of all is the ability to earn globally in many currencies.

This is why we are providing a special three for one offer with our  course Tangled Web… How to Have an Internet Business. This can help you create your own internet business.

Our emailed course “Tangled Webs We Weave – How to Have Your Own Web Based Business” is a continuing educational program.  You receive the first 28 lessons when you enroll and a new lesson every week or two.

This course teaches how to create a web based business and is developed from the ongoing experiences that we have from our successful and profitable internet business.

This course is well worth the enrollment fee of $299… but currently you also receive two additional courses FREE.

The other two courses are #1: International Business Made EZ, and #2: Self Fulfilled – How to be a Self Publisher.

These two courses have sold for $398 and thousands have paid this price. We add them to your course at no added cost as I believe they will help you develop a better business in these crucial times.

Even Better Get All three Courses Free

To make this offer even more compelling,  I am giving everyone who enrolls in our North Carolina or Ecuador International Business & Investing seminar in October or November all three courses, “Tangled Web… How to Have an Internet Business Course,”  “Self Fulfilled- How to be a Self Publisher” and “International Business Made EZ” free.

Join us with Jyske Bank and my webmaster David Cross in West Jefferson North Carolina. Learn more about global investing, how to have an international business at the seminar.

Oct. 9-11 IBEZ North Carolina with our webmaster  David Cross & Thomas Fischer of JGAM

Or head south to Ecuador!

October 16-18 Ecuador Southern coastal tour

Oct. 21-24 Ecuador Import Export Tour

Oct. 25-26 Imbabura Real Estate Tour

Join us with Peter Laub of Jyske Global Asset Management in Ecuador. Learn more about global investing, how to have an international business at the seminar.

Nov. 6-8 IBEZ Ecuador Seminar

Nov. 9-10 Imbabura Real Estate Tour

Nov. 11-14 Ecuador Coastal Real Estate Tour

Join us in the mountains and at the sea. Attend more than one seminar and tour and save even more plus get the three emailed courses free.

Attend any two Ecuador seminar or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799

Read the entire articles:

Weak Dollar? Currency, at 10-Year Low, May Fall More

Dollar Is Near Lowest in Almost Year as Borrowing Costs Plunge